Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “depression”

depression

noun [C or U]
 
 
/dɪˈpreʃən/ ECONOMICS
a recession (= time of low economic activity, when investments lose value, businesses fail and people lose their jobs) that lasts for a long period of time, usually several years: plunge/slide into depression The Thirties saw the world plunge into depression. The Wall Street Crash of 1929 brought severe economic depression and hardship to Canada. This was a period of deep depression. For most of the 20th century, economists focused on understanding and controlling inflation and depressions. New mines are being developed and old mines reopened, lifting communities across Northern Nevada out of the depression left by the industry's last crash. → Compare boom, recession, slump
the Depression (also the Great Depression) the period in the years after 1929 until the middle of the 1930s, or, in some cases, the 1940s, when there was a very low level of economic activity in the US, Europe, and many other countries. Many people lost their jobs and were very poor: The Federal Home Loan Bank system was created in the 1930s by the federal government to stimulate lending during the Depression. → Compare Wall Street Crash
(Definition of depression from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of depression?
Add Cambridge dictionaries to your browser to your website

Definitions of “depression” in other dictionaries

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More